Sec. 22.408. ASSIGNMENT OF BENEFITS. An assignment or transfer or an attempt to make an assignment or transfer by a beneficiary of money, benefits, or other rights under a plan or program under this subchapter is void if:
(1) the plan or program contains a provision prohibiting the assignment or other transfer without the written consent of the church benefits board; and
(2) the beneficiary assigns or transfers or attempts to make an assignment or transfer without that consent.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 22 - Nonprofit Corporations
Subchapter I. Church Benefits Boards
Section 22.402. Pensions and Benefits
Section 22.404. Power to Act as Trustee
Section 22.405. Documents and Agreements
Section 22.406. Indemnification
Section 22.407. Protection of Benefits